DeVry-Acct 346 Final Exam Fall 2015 - Grading Summary These...

Grading Summary
These are the automatically
computed results of your exam.
Grades for essay questions, and
comments from your instructor, are
in the "Details" section below.
Date Taken: 10/24/2015
Time Spent: 2 h , 54 min , 35 secs
Points Received: 232.50 / 250 (93%)
Question Type: # Of Questions: # Correct:
Multiple Choice 5 4
Short 9 N/A
Grade Details - All Questions
Page:
1 2
Question 1. Question :
(TCO 4) Assumptions underlying cost-volume-profit analysis include all
of the following, except:
Student Answer: all costs can be divided into fixed and variable elements.
total variable costs are directly proportional to volume over the
relevant range.
selling prices are to be unchanged.
sales price is the only relevant factor affecting cost.
Instructor
Explanation:
a change in volume is the only factor that affects costs.
Points Received: 5 of 5
Comments:
Question 2. Question :
(TCO 6) A basic assumption of activity-based costing (ABC) is that:
Student Answer: All manufacturing costs vary directly with units of production.
-857734918 MultipleChoice 3 True
0 -857734918 MultipleChoice 3

Points Received: 5 of 5
Comments:
Question 3. Question :
(TCO 2) In a traditional job order cost system, the use of direct labor on
jobs increases:
Instructor
-857734917 MultipleChoice 5 True
0 -857734917 MultipleChoice 5
Explanation:
Points Received: 5 of 5
Comments:
Question 4. Question :
(TCO5) Cost drivers are:
-857734916 MultipleChoice 9 True
0 -857734916 MultipleChoice 9

Instructor
Explanation:
Cost drivers are activities that cause costs to increase as the activity
increases. The cost driver is often non-financial.
Points Received: 5 of 5
Comments: